On the latest episode of Currency Live, Amy Kalnoki (Bitwave Co-Founder and COO) joined host Chris Harmse (BVNK Co-Founder and CBO) to unpack how digital assets are transforming every dimension of enterprise finance, from accounting challenges to global payments. Their wide-ranging conversation touched on everything from audit anxiety to why spreadsheet-based crypto accounting is a recipe for disaster.
Here are a few of the key takeaways from the session, highlighting the deep industry knowledge and market awareness that makes Bitwave the clear choice for enterprise finance teams working with digital assets.
Bitwave's Enterprise SaaS Journey
Long before stablecoins were making headlines or CFOs were fielding audit questions about Bitcoin, Bitwave co-founders Amy Kalnoki and Pat White saw what was coming. The enterprise finance stack wasn’t yet ready for digital assets, but it was only a matter of time before it would need to be.
Bitwave was born from that insight. With deep roots in enterprise software and firsthand experience with the operational headaches of getting paid in crypto, the co-founders recognized early that the ramifications for financial software systems went way beyond new accounting challenges.
Treasury, payments, compliance, wallet management: all of it would eventually need to be reimagined for the onchain era.
“You can’t have money moving in and out for services performed if you can’t account for it.”
—Amy Kalnoki, COO & Co-founder, Bitwave
More than five years later, the space has caught up to their vision. The demand is here, and Bitwave is already built for it.
→ Read: Enterprise-Grade Subledger
Future-Proofing Finance: A Lightning Round on What’s Next
Amy and Chris outline a clear need for forward-looking finance teams to evolve – or risk falling behind. Spreadsheets aren’t sufficient for crypto accounting any longer.
Many companies stumble with crypto accounting on their first attempt and auditors will need better tools to keep up.
When asked whether Fortune 500 companies should hold stablecoins today, Amy responded decisively: the risk of inaction is greater than the risk of adoption.
Amy also expressed optimism about the path ahead. Legislative momentum like the proposed GENIUS Act could accelerate adoption, and with platforms like Bitwave already integrated into standard accounting tools, digital assets are on track to become a foundational part of the enterprise finance stack.
“The risk of being left behind is bigger than the risk of stablecoins, in my opinion.” —Amy Kalnoki, COO & Co-founder, Bitwave
The Competitive Edge: Why Bitwave Started With Enterprise
Founded in 2018, Bitwave emerged in the depths of a crypto winter. Amy explained how she and co-founder Pat White recognized a critical gap for businesses: "You can’t move money if you can’t account for it." With their shared background in enterprise software, they focused from day one on building infrastructure that would extend beyond support for exclusively crypto-native teams, moving all the way up to the CFO’s office.
“From day one, we built Bitwave with enterprise-grade security and enterprise-grade data. Syncing blockchain data at financial and audit-ready quality is no small task; it’s a massive data set. You need proper reports, controls, and compliance processes in place for audit readiness.
Things like role-based access control and audit logs are standard in enterprise software, but not always obvious if you haven’t built for that space. We wanted the largest publicly traded companies in the world to be able to use our software from day one, and that perspective has made us competitive.
No two businesses account for digital assets the same way, or use the same tech stacks or blockchains. At Bitwave, flexibility and a full implementation process tailored to each customer’s needs, jurisdiction, and controls has always been our enterprise-first approach.” —Amy Kalnoki, COO & Co-founder, Bitwave
Beyond Accounting: Bitwave as the Source of Truth
Over time, Bitwave evolved beyond pure accounting to become the onchain financial system of record for enterprises.
From payments and treasury to compliance and revenue recognition, the platform now powers operations for everything from token issuers to global enterprises using crypto for vendor and employee payments.
“We sit between the blockchain and your fiat accounting solution. And once we've brought in all of the blockchain data onto our platform, there's a lot you can do with it.” —Amy Kalnoki, COO & Co-founder, Bitwave
What Finance Leaders Worry About
When asked what keeps CFOs up at night, Amy pointed to two major fears: lack of wallet controls and audit failure. Bitwave tackles both. With features like wallet hygiene, reconciliation tools, and seamless ERP integrations, Amy emphasized that digital assets are no longer a reason to fear passing an audit.
With Bitwave, [CFOs] can keep proper books and records, keep track of all the money that you are in charge of maintaining and have visibility and controls and a good process around that.
That leads to being able to pass your audit because [...] you have the documentation, accounting memos, all the steps that you take in the fiat world. You can still have those and take those in digital assets.” —Amy Kalnoki, COO & Co-founder, Bitwave
Real-World Use Cases Are Already Here
Forget the theoretical: enterprise crypto is real and growing. Amy shared examples of customers using Bitwave for high-volume revenue collection, stablecoin-based payments, and global treasury operations.
“Payments is the killer use case for crypto. We see customers who are using it as a way to collect revenue, paying vendors, and paying employees abroad.” —Amy Kalnoki, COO & Co-founder, Bitwave
The livestream also touched on accounting policy updates like the shift to fair value treatment for crypto assets and the reversal of SAB 121. Both changes are paving the way for greater comfort in holding digital assets on the balance sheet. “No one wants to carry an artificial loss,” Amy noted.
Final Word: Don’t Let Audit Fears Hold You Back
Amy closed with pragmatic advice to finance leaders: embrace the tools and processes that give you visibility, control, and audit-readiness for digital assets. With the right systems in place, crypto becomes just another asset class your business can manage with confidence.
“We’ve been through many audits with our clients. You're going to still pass your audit even if you touch digital assets. It's possible. It happens all the time.”
To hear the full conversation, check out the replay of Amy’s appearance on Currency Live below.
For more insights from Amy and the Bitwave team, follow us on LinkedIn and explore our product pages for more info on what we're building.
→ Read: Stablecoin B2B Payments
→ Read: Enterprise-Grade Subledger
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
